Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 3, 2026 is estimated to be $748 Million, with a cash option of 325.1 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Mon Aug 3, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 3, 2026	$748,000,000	$325,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$325,100,000
Federal Tax(24%)	$78,024,000
Additional Federal Tax	$42,223,330
State Tax(5%)	$16,255,000
Net Lumpsum Payment	$188,597,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,258,148	-$4,125,845 -$562,907	$6,569,396
2	$11,821,392	-$4,334,245 -$591,070	$6,896,077
3	$12,412,312	-$4,552,886 -$620,616	$7,238,810
4	$13,033,152	-$4,782,597 -$651,658	$7,598,897
5	$13,684,660	-$5,023,655 -$684,233	$7,976,772
6	$14,369,080	-$5,276,890 -$718,454	$8,373,736
7	$15,087,160	-$5,542,580 -$754,358	$8,790,222
8	$15,841,892	-$5,821,830 -$792,095	$9,227,967
9	$16,634,024	-$6,114,919 -$831,701	$9,687,404
10	$17,465,800	-$6,422,676 -$873,290	$10,169,834
11	$18,338,716	-$6,745,655 -$916,936	$10,676,125
12	$19,255,764	-$7,084,963 -$962,788	$11,208,013
13	$20,218,440	-$7,441,153 -$1,010,922	$11,766,365
14	$21,229,736	-$7,815,333 -$1,061,487	$12,352,916
15	$22,291,148	-$8,208,055 -$1,114,557	$12,968,536
16	$23,405,668	-$8,620,428 -$1,170,283	$13,614,957
17	$24,575,540	-$9,053,280 -$1,228,777	$14,293,483
18	$25,804,504	-$9,507,997 -$1,290,225	$15,006,282
19	$27,094,804	-$9,985,408 -$1,354,740	$15,754,656
20	$28,449,432	-$10,486,620 -$1,422,472	$16,540,340
21	$29,872,128	-$11,013,018 -$1,493,606	$17,365,504
22	$31,365,884	-$11,565,707 -$1,568,294	$18,231,883
23	$32,933,692	-$12,145,796 -$1,646,685	$19,141,211
24	$34,580,788	-$12,755,222 -$1,729,039	$20,096,527
25	$36,309,416	-$13,394,814 -$1,815,471	$21,099,131
26	$38,125,560	-$14,066,788 -$1,906,278	$22,152,494
27	$40,031,464	-$14,771,972 -$2,001,573	$23,257,919
28	$42,033,112	-$15,512,582 -$2,101,656	$24,418,874
29	$44,134,992	-$16,290,277 -$2,206,750	$25,637,965
30	$46,341,592	-$17,106,719 -$2,317,080	$26,917,793